Montecito Medical has completed the acquisition of the Cypress Surgery Center building in Wichita, Kansas.
The property, which offers about 33,600 square feet of space, is 100% leased to Cypress Surgery Center.
Cypress Surgery Center is the market leader in the Wichita/Sedgwick County area, with more than 11,000 procedures performed annually. More than 130 physicians practice at the center, which provides services that include orthopedic surgery, gastroenterology, general surgery, OB/GYN, ophthalmology, oral surgery, pain management, urology, ENT and plastic surgery.
Newmark Healthcare Capital Markets Group advised the seller on the transaction.
The property is situated in an established medical corridor, with convenient access from Interstate 235 and Highway 96.
The Wichita acquisition marks Montecito’s entry into Kansas.
Montecito Medical acquires 33,600-square-foot surgery center in Wichita
